Sensex dips 476 pts in early trade on weak global cues

The BSE Sensex nosedived by 476 points in early trade on Friday due to sustained selling by foreign funds and retail investors after a global rout in stock markets over growth concerns. The 30-share index tumbled 476.38 points, or 1.72 per cent, to 27,131.44 in early trade. The gauge had lost 323.82 points in the previous session.

The wide-based National Stock Exchange Nifty fell below 8,300-mark, dropping 135.30 points, or 1.62 per cent, to 8,237.45 points. Of 50 Nifty scrips, 46 constituents were in the negative territory with losses of up to 4 per cent. Among 30 Sensex scrips, 27 were in negative zone with Bharti Airtel falling the most by 5 per cent. All the BSE sectoral indices, led by auto, capital goods and healthcare, were trading in negative with losses up to 2.56 per cent.

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Source:Indianexpress

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